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Black Book's ADM Blog (316)

Spring Car Shopping Demand May Be Smaller Due To Lower Tax Refunds

Vehicle pricing analyst firm, Black Book, believes there may be slightly lower demand for car shopping this spring due to lower tax refunds issued to Americans. Spring is typically among the busiest times of the year for car shopping since many people wait for their tax rebate check to go out and replace their aging vehicle.

 

Last year, the spring tax refund season was a catalyst that led to some of the strongest demand for used vehicles since the recession ended in 2010. In…

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Added by Black Book on February 14, 2019 at 7:01am — No Comments

Overall Depreciation Trends Stable

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on February 12, 2019 at 7:25am — No Comments

BLACK BOOK ANNOUNCES KEY ENHANCEMENTS TO BLACK BOOK CHERRY MOBILE APP

Replaces Black Book Digital as Flagship Mobile App

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today new enhancements to its dealer-focused subscription application, Black Book Cherry. Available via desktop or mobile, Black Book Cherry helps personalize dealers’ inventory discovery by automatically identifying the most desirable vehicles at auction,…

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Added by Black Book on February 11, 2019 at 6:59am — No Comments

BLACK BOOK USED VEHICLE RETENTION INDEX DECLINES FOR SECOND STRAIGHT MONTH

Lack of Strength in January Could Preview a 2019 Market with Less Momentum than in 2018

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for January (115.4), falling -0.7% from December’s listing of 116.3. The Index has now declined two months in a row. Click here…

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Added by Black Book on February 6, 2019 at 11:18am — No Comments

Depreciation Trends Normalize

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on February 5, 2019 at 9:32am — No Comments

BLACK BOOK LAUNCHES PRECISION-BASED VIN-LEVEL VALUATION TOOL USING BIG DATA AND MACHINE LEARNING

ValuEngine Now Includes Enhanced Vehicle Matching Technology

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today its ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.

Approximately 30% of VINs do not decode to a single trim…

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Added by Black Book on January 23, 2019 at 10:43am — No Comments

Car Segments Drop More

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on January 23, 2019 at 7:23am — No Comments

BLACK BOOK AND THE APPRAISAL LANE TEAM UP TO GIVE CONSUMERS THE TRADE-IN EXPERIENCE THEY REALLY WANT

New mobile platform combines market-reflective valuations with cash offers from live experts to improve the trade-in process for consumers and dealers.

According to a recent survey conducted by Black Book, consumers believe a vehicle trade-in quote that’s far from expectations remains the second-most…

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Added by Black Book on January 17, 2019 at 8:04am — No Comments

NEW BLACK BOOK WHITE PAPER HELPS LENDERS UNDERSTAND NEW CECL REQUIREMENTS

Paper Offers Actionable Steps To Leverage CECL as a Competitive Advantage

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today a new educational white paper: “Analytic-Driven Data Helps Auto Finance Lenders Mitigate Risk & Become CECL Compliant”. Click here to download the white…

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Added by Black Book on January 16, 2019 at 7:20am — No Comments

Broad Declines in the Market

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on January 15, 2019 at 9:15am — No Comments

Used Vehicle Values Continue to Decline at a Faster Clip

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on January 8, 2019 at 8:40am — No Comments

Black Book Used Vehicle Retention Index Shows First Decline Since May

End-Of-Year Seasonality Causes Index To Decline Ahead of Spring Selling Season

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for December (116.3), dipping slightly from the previous month (116.5). December showed the first decline in the Index dating back to May.…

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Added by Black Book on January 7, 2019 at 6:12am — No Comments

Car Segment Decline Continues

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on December 18, 2018 at 10:59am — No Comments

BLACK BOOK DEPRECIATION REPORT: ENTERING THE FINAL MONTH OF 2018 MOST CARS ARE SEEING THE HEAVIEST OF DEPRECIATION

According to Black Book® data, the average price of a used vehicle for model years 2013-2017 changed -2.5% during November. Cars changed -2.7% during the month and trucks changed -2.3%. Average 12-month depreciation at the end of November for all vehicles was -12.5%.

Three segments saw monthly depreciation less than -1.0% during November: Sub-Compact Luxury CUV (-0.8%), Sub-Compact Crossover (-0.9%), and Full-size Van (-0.9%). Vehicles in Sub-Compact Luxury Crossover segment include…

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Added by Black Book on December 13, 2018 at 6:57am — No Comments

Used Sedan Values Declined Last Week

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on December 11, 2018 at 7:29am — No Comments

BLACK BOOK USED VEHICLE RETENTION INDEX RISES FOR 7TH STRAIGHT MONTH ON CONTINUED MARKET STRENGTH

Driven By Value And Demand, Car Segments See Majority of Increases

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for November (116.5), a 0.2% gain from the previous month (116.3), and the Index has now increased for each of the last seven months. Click here to obtain a copy of…

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Added by Black Book on December 5, 2018 at 6:43am — No Comments

Broad Market Decline in Values

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on December 4, 2018 at 10:43am — No Comments

Cars Continue to Depreciate Faster than Light Trucks

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on November 27, 2018 at 7:30am — No Comments

Cars and Light Truck Depreciation Increases

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. …

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Added by Black Book on November 20, 2018 at 8:00am — No Comments

Black Book Depreciation Report: Segments Settling Into Normal Depreciation For Remainder of 2018

LAWRENCEVILLE, GA (November 19, 2018) – According to Black Book® data, the average price of a used vehicle for model years 2013-2017 changed -1.9% during October, a noticeable drop compared to the previous month when values were unchanged. The -1.9% change was also the largest monthly price decline dating back to January. Cars changed -2.4% and trucks changed -1.6%.

Unlike September, when eight segments either retained their value or saw increased, every truck and car…

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Added by Black Book on November 19, 2018 at 10:03am — No Comments

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